10 Countries Paying People to Retire

These countries have the most generous public pensions

#4: Austria

Pension Replacement Rate: 76.6%

Male/Female Retirement Age: 65/60

Male/Female Life Expectancy: 82.5/85.4

Sovereign Debt as percentage of GDP: 65.8%

Employment Rate: 72.2%

Those making the median income in government can receive more than three-quarters of their salary following retirement. That is an especially good deal for women, who are expected to live for more than 25 years after retiring at 60. This could take a hefty toll on the government, but the high employment for those aged 15-64 of 72.2% helps to keep these pensions funded. Furthermore, household disposable income of $27,541 is higher than any country on this list except for Luxembourg, which helps put Austria’s economy on stronger footing compared to some of its European peers.